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Jun 7, 2018 | News

Kittyhawk Raises $5M in Funding from Bonfire Ventures and Boeing for Next-Gen Enterprise Drone Solutions

Kittyhawk is continuing its rapid rise in the drone industry with a new $5M funding round enlisting Bonfire Ventures, Boeing HorizonX, Freestyle Capital, Kluz Ventures, and The Flying Object.

The San Francisco based enterprise drone solutions company focused on commercial clients early on with a vision of a unified platform for a unified airspace. “We were blown away by the quality of Kittyhawk’s enterprise customer base: Fortune 500 companies who themselves are leading the way in enterprise UAS adoption,” said Jim Andelman, Managing Partner at Bonfire Ventures, who will be joining the Kittyhawk Board of Directors. “We were impressed by not only this current level of traction but also by the team’s thoughtfulness about the coming evolution of this industry. With their degree of forethought and vision, we’re confident that Kittyhawk will be well positioned to continue to lead the way. They’re two steps ahead of how we heard everyone else thinking about this space.

Kittyhawk’s goal is to simplify the process of managing operators and fleets for enterprise clients in a space where hardware, regulation, and data processing is constantly evolving. To shorten the gap from mission plan to ROI, over the last year has forged a strategic partnership with Jeppesen to provide accurate map date and added Flight Profiles to its app to help Fleet Managers and Chief Pilots set and enforce a set of flight standards across their teams.

Industry heavyweight Boeing sees Kittyhawk’s service as an integral part of the future of air traffic management. “When paired with the broad portfolio of complementary data service offerings within Boeing, Kittyhawk is poised to help us shape the future of safe autonomous flight,” said Brian Schettler, Managing Director of Boeing HorizonX Ventures. “Boeing’s partnership with Kittyhawk on the FAA Low Altitude Authorization and Notification Capability (LAANC) program heralds the continued maturation of the commercial drone industry. We are excited to continue to explore new capabilities made possible through foresight, expertise and a focus on holistic solutions that support the safe integration of unmanned systems into the national airspace.”